{"id":36621,"date":"2023-10-20T14:45:14","date_gmt":"2023-10-20T14:45:14","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/management-resource-solutions-startupsmart\/"},"modified":"2023-10-20T14:45:14","modified_gmt":"2023-10-20T14:45:14","slug":"management-resource-solutions-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/management-resource-solutions-startupsmart\/","title":{"rendered":"Management Resource Solutions – StartupSmart"},"content":{"rendered":"
\"Paul<\/div>\n

Skills shortages are something we hear a lot about in the oil, gas and mining sectors.<\/p>\n

\u00a0<\/p>\n

It stood to reason then that Paul Morffew, 45, and Daniela Athan, 40, were on to something when they started up Management Resource Solutions back in December 2007.<\/p>\n

\u00a0<\/p>\n

But, as with any start-up, the early days had their challenges, not least the eternal bane of cashflow issues.<\/p>\n

\u00a0<\/p>\n

\u201cWe learnt that cash is king and to always have a reserve in the bank in case a big debtor decides not to pay for any reason. Most of the times the reason is a missed payment from their end,\u201d MRS co-founder and chief executive Paul Morffew told StartupSmart<\/em>.<\/p>\n

\u00a0<\/p>\n

The cashflow issues have started to subside though in the past couple of years as the business has consolidated its niche as a specialist supplier to the resources industry, furnishing teams of skilled professionals for construction projects as well as quality assurance and control programs.<\/p>\n

\u00a0<\/p>\n

By December 2011, the company had already reached its 2010-11 revenue figure of $3.8 million and is on the way to $8 million this financial year.<\/p>\n

\u00a0<\/p>\n

Morffew says revenue from three projects in Queensland and another in New Caledonia had significantly contributed to the company\u2019s booming bottom line figures.<\/p>\n

\u00a0<\/p>\n

He says the industry had started to see MRS as \u201cnot just a recruitment company but rather a services-based company\u201d.<\/p>\n

\u00a0<\/p>\n

For Morffew, it had been an important breakthrough in perception that meant the company could now better showcase its services and grow the business.<\/p>\n

\u00a0<\/p>\n

Far from the cashflow worries of just a couple of years ago, MRS is now only a month or so from being listed on the Frankfurt stock exchange, a move Morffew says has the potential to fund expansion plans.<\/p>\n

\u00a0<\/p>\n

\u201cWe now have a market cap of $20 million and will be listed in the next month on the Frankfurt Entry Standard exchange with a market cap of between $40 million and $60 million\u2026 Once we get scrip we will look at expanding by buying similar companies.\u201d<\/p>\n

\u00a0<\/p>\n

However, having been through the tight times encountered by many start-ups, Morffew remained levelheaded about the company\u2019s future prospects: \u201cWe\u2019re never over-confident and I always think as if this [the business] could all end the next day.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Skills shortages are something we hear a lot about in the oil, gas and mining sectors. \u00a0 It stood to<\/p>\n","protected":false},"author":2,"featured_media":62067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/36621"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=36621"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/36621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/62067"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=36621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=36621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=36621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}